First Star Resources reports high grade gold, silver from previously unsampled core

First Star Resources (CVE:FS) announced Monday that results from previously unsplit drill core at its LMS property in Alaska returned high grade gold and silver.
In February and March, the company sampled drill core from above and below the gold-bearing mineralization that was not sampled by previous operators during 2005 and 2006 drilling.
First Star also sampled for the first time 2010 drill core from the feeder zone at the LMS property, which is under joint venture with Corvus Gold (TSE:KOR).
The company said that while several core samples from above and below the gold-bearing zone returned gold values in the range of 0.2 to 0.8 g/t gold, the feeder zone actually returned higher grade mineralization.
Highlights from samples in this area included hole LM-10-39, which returned 21.9 g/t gold and 13.05 g/t silver over 1.1 metres, and 7.45 g/t gold and 0.84 g/t silver over 1.5 metres.
In addition, the company extended the feeder zone intercept in hole LM-10-39 to 6.9 metres at 11.7 g/t gold and 13.8 g/t silver. Due to technical difficulties, the hole was not completed in 2010, but will be re-entered and finished in due course.
First Star said it is planning on cutting more feeder zone material from drill core in the coming weeks, which was not sampled by previous operators in 2005 and 2006.
The LMS claim block is located in the Goodpaster Mining District of Alaska, and consists of 92 State of Alaska mining claims covering 61 square kilometers.